/biz/ - Business & Finance

>>52995475
>>52996954
Bitcoin is the way it is on purpose and it makes sense. The fact that users must compete for block space is an anti-spam measure. See how feeless networks like Nano get DoSed every now and then to see why fees are important. They are even more important for Bitcoin because miners need to be incentivized some other way after block rewards dwindle down the road from here. The counter-argument is that increasing the size of blocks will reduce fees and allow more users to transact over the network. That's not necessarily true. When this happens, the blockchain will have increased in size significantly and very few people would be able to run Bitcoin Core at home, most would have to exclusively rely on data centers. And since you and I don't own these data centers, these corporate nodes decide what transactions are approved. In other words, you open the network to censorship. This is precisely how Infura was able to censor Tornado Cash a few months back. Most people rely on node infrastructure providers like Infura, Alchemy , etc. because the Ethereum blockchain is chunky. A 2TB hard drive might be sufficient now, but if we're going to see widespread adoption later, take into account that the limit right now is 20TB and they're expensive, and beyond this the other solution is data centers, or making your own data center lol.

I also don't think Monero can survive without Bitcoin. When all the on-ramps are taken down, there will be no other way than localmonero to purchase Monero and I doubt that localmonero will become the new bank for the commoner. It's too archaic. Atomic swaps BTC <> XMR is the only way Monero makes it out alive when regulations begin to hit it.

Hello everyone, I'm a recently graduated PhD in mathematical physics from ETH Zurich. I'm tired of academia and would like to go into finance, as it seems really interesting and well, money. Any tips?
-pic related, my work is related to statistical mechanics